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Leases (Tables)
12 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of Operating Lease Right-of-use Assets and Operating Lease Obligation

Operating lease right-of-use assets and operating lease obligations are represented in the table below (in thousands):

 

 

 

June 30,
2023

 

 

June 30,
2022

 

Beginning balance operating lease right-of-use assets

 

$

16,798

 

 

$

22,522

 

Lease assets added

 

 

17,157

 

 

 

3,522

 

Amortization for the year

 

 

(8,102

)

 

 

(9,246

)

Ending balance operating lease right-of-use assets

 

$

25,853

 

 

$

16,798

 

 

 

 

 

 

 

 

Beginning balance operating lease obligations

 

$

19,020

 

 

$

25,609

 

Lease liabilities added

 

 

16,834

 

 

 

3,209

 

Repayment and interest accretion

 

 

(8,101

)

 

 

(9,798

)

Ending balance operating lease obligations

 

$

27,753

 

 

$

19,020

 

 

 

 

 

 

 

 

Current portion of operating lease obligations

 

$

4,151

 

 

$

8,567

 

Noncurrent portion of operating lease obligations

 

$

23,602

 

 

$

10,453

 

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of June 30, 2023, are presented in the table below (in thousands):

 

Year Ending June 30,

 

Amount

 

2024

 

$

4,394

 

2025

 

 

5,777

 

2026

 

 

3,798

 

2027

 

 

3,591

 

2028

 

 

3,347

 

Thereafter

 

 

23,308

 

Total operating lease payments

 

 

44,215

 

Less: imputed interest

 

 

(16,462

)

Present value of operating lease liabilities

 

$

27,753

 

Weighted average remaining lease term (in years)

 

 

8.4

 

Weighted average discount rate

 

 

9.6

%